Phi Kappa Psi Foundation Selects New Investment Advisor

For over 100 years, the Phi Kappa Psi Foundation has taken great pride in the proper stewardship of donor gifts to support future growth of Phi Kappa Psi. Today, the Foundation is pleased to announce Buckingham Strategic Wealth as its new investment advisor entering in a strategic partnership to reach future investment goals.

Selected from 12 RFP respondents, Buckingham has been a fiduciary provider of advisory services since 1994. Buckingham was selected because of several factors including their client-focused, evidence-based methodology.

Buckingham’s approach to serving clients is grounded in decades of academic and practitioner research into the world’s financial markets. This has remained consistent since the firm was founded and continues to evolve as research provides new evidence and new opportunities to build investment solutions that increase the likelihood that their clients will achieve their investment goals.

“We look forward to our partnership with Buckingham Strategic Wealth as we continuously evaluate all aspects of our investing program,” said Bruce Jackson, Investment Committee Chairman. “They have done a good job of identifying our return goals, risk tolerance, and options for asset allocations that meet those targets in order to best support the growing needs of Phi Kappa Psi.”

Buckingham delivers a full suite of value-added advisory services to 49 institutional clients nationally with more than $900 million in assets under management for those clients, as of December 31, 2017.

David Luckes, Buckingham’s Director of Institutional Services, leads the advisor team that serves the Foundation. Mr. Luckes has more than 30 years of experience in the nonprofit sector. His past leadership roles include serving as President and CEO of the St. Louis Community Foundation in addition to his background in the financial services sector.

“With the Foundation’s three primary functions being to raise, invest and grant funds to benefit our undergraduates and chapters, wise investing will always be a top priority for our Board of Trustees,” said Fred Hegele, Foundation Chairman. “We are confident and proud of our new Investment Committee and our partnership with Buckingham.”


Phi Kappa Psi Foundation

The charitable arm of Phi Kappa Psi, the Phi Kappa Psi Foundation was established in 1914 to foster the development of leaders and promote academic excellence in higher education. Today, through contributions from generous donors, these priorities remain with the Foundation funding grants in three key areas benefiting the lives of Phi Psis across the nation: leadership, scholarship and housing.

Buckingham Strategic Wealth

Founded in 1994, Buckingham Strategic Wealth helps individuals, businesses, trusts, nonprofits, retirement plans and medical practice owners achieve their most important goals by creating customized, comprehensive, evidence-based financial plans. Its investment philosophy is rooted in an academic approach tailored to address each client’s distinct willingness, ability and need to accept market risk. As a registered investment advisory firm, Buckingham operates under a fiduciary obligation to its clients. The firm’s investment approach centers on modern portfolio theory implemented through passively managed mutual funds and the firm’s fixed income portfolio design and execution capabilities. Buckingham has $13.6 billion in assets under management or administration as of March 31, 2018. The firm is headquartered in St. Louis and has offices in Arizona, California, Colorado, Florida, Illinois, Indiana, Iowa, Maryland, Nebraska, New Jersey, Pennsylvania, Texas, Virginia and Wyoming. Additional information can be found at www.buckinghamadvisor.com.